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Crankshaft maker ready to crank up in January

By JACK WEATHERLY

Feuer Powertrain GMBH will start making crankshafts in January, it announced recently.

The $140 million private investment is expected to employ 300.

About 100 are on board now, as the R0binsonville (Tunica County) facility has ramped up this year.

Public investment totals $27.5 million from and through the Mississippi Development Authority.

Those investments include a $10 million grant for local builders; a $5 million construction loan for builders; a $5 million small-business credit guarantee for equipment financing; $1 million grant for additional work-force training or relocation expense; $1.5 million grant to Feuer for electrical redundancy upgrades; a $1.5 million grant to locals for site preparation needs, and a $1.26 million loan to locals for site prep needs.

About two-thirds of the Germany-based manufacturers’ output is for automakers such as Audi, BMW, Ferrari, Jaguar and Volkswagen, the company said on its website.

“It’s a big advantage that we can now respond to the great market potential in North America by serving our customers from a strategic location,” Feuer Powertrain North America President and Chief Executive Dominic Dieg said in a release at the plant’s grand opening last week.

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